Australian Government: Attorney-General's Department
Australian Government: Attorney-General's DepartmentAchieving a Just and Secure Society

Personal Property Securities consultation

The Department is committed to consulting all of those with a stake in Personal Property Securities (PPS) Reform.

As part of this consultation process the Legal and Constitutional Affairs Committee undertook a number of inquiries into the PPS reform. These inquiries invited stakeholder submissions on the various exposure drafts of the Personal Property Securities Bill and consequent amending Bill. The Senate Committee Inquiries are:

  • Personal Property Securities (Corporations and Other Amendments) Bill 2010 [Provisions]
  • Personal Property Securities (Consequential Amendments) Bill 2009
  • Personal Property Securities Bill 2009 [Provisions]
  • Personal Property Securities Bill 2008 [Exposure Draft]

The Department responded to the issues raised in the Inquiries via submissions and through the production of public documents. The Senate Committee Inquiry into the Personal Property Securities Bill 2009 [Provisions] consolidated comments made to the Inquiry on the Bill (Appendix 4 to its report).

The Senate Committee Inquiry reports, the Departmental Responses (including the Table of Comments & Responses on Personal Property Securities Bill 2009) can be found in the PPS inquiries & responses section of the PPS downloads page.

The Department presented on PPS related issues at variety of seminars, conferences and workshops, as well as running briefing sessions around Australia at key points in the implementation of PPS Reform.The papers from these past presentations can be found in the Papers and presentations section of the PPS downloads page.

Further information on upcoming presentations and seminars is available on the PPS seminars page on the Personal Property Securities Register website.

PPS Regulations Consultation

The Personal Property Securities (PPS) Regulations: Exposure Draft and Commentary is available from the Attorney-General's Department's PPS Downloads page. Submissions were sought and received by 4 June 2010.

A summary of the comments received and the Department’s response to these comments is available on the PPS downloads page.

The Exposure Draft of the PPS Regulations and the Departmental responses take into account the amendments inserted by the PPS (Corporations and Other Amendments) Act 2010.

The PPS Regulations cover:

  • interests that are within and out of the scope of the PPS Act 2009
  • the interaction between the enforcement provisions in the Act and the National Consumer Credit legislation, and
  • matters relating to the PPS Register (including access to and suspension of the Register, the information required to effect a registration, and how grantors and secured parties are to be identified in a registration).

The Exposure Draft of the PPS Regulations takes into account amendments in the PPS (Corporations and Other Amendments) Act 2010.

Further information will be made available regarding the outcomes from the consultation and the implementation of the Personal Property Securities (PPS) Regulations on the News page of the Personal Propery Securities Register website.